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IHH Healthcare sinks into the red with 4Q loss of $13.5 mil

Michelle Zhu
Michelle Zhu2/23/2017 06:53 PM GMT+08  • 3 min read
IHH Healthcare sinks into the red with 4Q loss of $13.5 mil
SINGAPORE (Feb 23): IHH Healthcare Berhad has declared a loss of RM42.5 million ($13.5 million) as compared to RM415.8 million in earnings a year ago, led by foreign exchange losses on borrowings as well as fair value losses.
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SINGAPORE (Feb 23): IHH Healthcare Berhad has declared a loss of RM42.5 million ($13.5 million) as compared to RM415.8 million in earnings a year ago, led by foreign exchange losses on borrowings as well as fair value losses.

As such, the group’s FY16 earnings fell 34% to RM612.4 million from RM933.9 million a year ago in FY15.

During the quarter, Acibadem Holdings recognised exchange losses arising from the translation of its non-Turkish Lira (TL) denominated borrowings/payables net of its non-TL denominated cash/receivables as finance income or finance cost respectively.

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